July 2015

Processing and creating 1099 Forms is done once a year and can be a challenging task. Although it is only July, we are bringing up this topic so that you will be aware of what can be done throughout the year to help make this a much easier task come January.

One way to speed up the process is to make sure the vendors have been set-up properly. If you know when you set up a new vendor that a 1099 will more than likely be required at the end of the year, go ahead and set it up that way on the front end (i.e. include the 1099 type – typically 1099 Misc. – and obtain and enter the Federal Tax ID number or SSN if it is an individual)…

To read the entire document, click here.